Estee Lauder Says Withdrawing FY25 Guidance 'Amid Incremental Uncertainty on Timing of Stabilization in Mainland China Market and Asia Travel Retail as well as in the Context of Leadership Changes'
Portfolio Pulse from Benzinga Newsdesk
Estee Lauder has withdrawn its FY25 guidance due to uncertainties in the stabilization of the Mainland China market and Asia travel retail, as well as leadership changes.
October 31, 2024 | 10:34 am
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Estee Lauder has withdrawn its FY25 guidance due to uncertainties in the Mainland China market and Asia travel retail, along with leadership changes. This indicates potential challenges in revenue and market stability.
The withdrawal of guidance suggests that Estee Lauder is facing significant uncertainties in key markets, particularly in China and Asia travel retail. This could lead to investor concerns about future revenue and profitability, likely resulting in a negative short-term impact on the stock price.
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